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"Free markets work because they allow people to be lucky, thanks to aggressive trial and error, not by giving rewards or incentives for skill. The strategy is, then, to tinker as much as possible and try to collect as many Black Swan opportunities as you can"
Can you help answer these questions from other members on NexusFi?
"Free markets work because they allow people to be lucky, thanks to aggressive trial and error, not by giving rewards or incentives for skill. The strategy is, then, to tinker as much as possible and try to collect as many Black Swan opportunities as you can"
Just a week after the company surpassed Ford Motor in market value, its shares soared past $313 on Monday, making Tesla worth $51 billion, slightly more than General Motors. Tesla’s shares later fell back slightly.
UPDATE 3-Tesla seeks $1.5 bln in junk bonds to fund Model 3 production
(Recasts opening paragraph, adds S&P comment, background, stock
price)
By Nick Carey
DETROIT, Aug 7 (Reuters) - Tesla Inc <TSLA.O> said on Monday
it would raise about $1.5 billion through its first-ever
high-yield junk bond offering, as the U.S. luxury electric car
maker ramps up the production of its new the Model 3 sedan.
The debt offering marks Tesla's debut in the junk-bond
market and the company will start road-shows on Monday, IFR
reported, citing lead bankers on the deal. [nL1N1KT0B2]
So far, Tesla has been raising money through a combination
of equity offerings and convertible bonds, which eventually
convert into shares.
Following the announcement, Standard & Poor's reaffirmed its
negative outlook for the automaker and assigned a "B-" rating
for the bond issue - deep into junk credit territory.
